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CAPAX Federated Capital Income A

  • Fund
  • CAPAX
  • Price as of: Jul 18, 2019
  • $7.89 + $0.02 + 0.25%
  • Category
  • Diversified Portfolio

CAPAX - Profile

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -2.5%
  • Net Assets $1.24 B
  • Holdings in Top 10 74.4%

52 WEEK LOW AND HIGH

$7.89
$7.08
$8.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 105.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,500

IRA

$250

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 9.5%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Federated Capital Income Fund
  • Fund Family Name Federated
  • Inception Date May 27, 1988
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Todd A. Abraham

CAPAX - Performance

Return Ranking - Trailing

Period CAPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -52.8% 25.5% 68.09%
1 Yr -1.3% -63.1% 12.7% 48.57%
3 Yr 0.6%* -27.4% 12.9% 63.82%
5 Yr -2.5%* -24.0% 8.4% 80.52%
10 Yr 1.8%* -14.6% 9.4% 82.44%

* Annualized


Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.8% -34.6% 1.6% 49.65%
2017 5.7% -12.4% 33.2% 58.37%
2016 3.4% -65.8% 23.3% 46.95%
2015 -10.9% -64.9% 4.8% 86.88%
2014 -3.5% -29.5% 68.3% 81.87%

Total Return Ranking - Trailing

Period CAPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -52.8% 25.5% 63.45%
1 Yr 1.4% -60.9% 12.7% 50.73%
3 Yr 4.2%* -22.8% 13.0% 51.93%
5 Yr 1.7%* -21.3% 47.3% 64.82%
10 Yr 6.7%* -12.3% 12.5% 49.33%

* Annualized


Total Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.1% -32.7% 1.6% 47.10%
2017 10.1% -8.4% 33.2% 56.45%
2016 7.9% -65.2% 23.3% 24.50%
2015 -6.2% -62.9% 9.2% 78.46%
2014 2.3% -28.5% 76.9% 70.23%

NAV & Total Return History

CAPAX - Holdings

Concentration Analysis

CAPAX Category Low Category High CAPAX % Rank
Net Assets 1.24 B 604 K 147 B 36.36%
Number of Holdings 349 2 13482 33.18%
Net Assets in Top 10 749 M -120 M 26.4 B 29.43%
Weighting of Top 10 74.37% 5.5% 3196.0% 41.58%

Top 10 Holdings

  1. High Yield Bond Portfolio 24.55%

  2. Federated Emerging Markets Core 14.75%

  3. Federated Mortgage Core Portfolio 12.35%

  4. US 2 Year Note (CBT) June19 11.99%

  5. Us 10yr Note (Cbt)jun19 Xcbt 20190619 4.10%

  6. US 10 Year Ultra Future June19 2.51%

  7. Us 5yr Note (Cbt) Jun19 Xcbt 20190628 1.09%

  8. Comcast Corp Class A 1.07%

  9. AT&T Inc 1.04%

  10. Johnson & Johnson 0.90%


Asset Allocation

Weighting Return Low Return High CAPAX % Rank
Bonds
58.82% 0.00% 261.66% 20.72%
Stocks
38.21% -21.52% 135.47% 68.60%
Preferred Stocks
3.32% 0.00% 65.70% 5.02%
Convertible Bonds
1.31% 0.00% 26.85% 15.89%
Other
0.00% -253.31% 53.08% 66.75%
Cash
-1.67% -283.85% 353.31% 90.53%

Stock Sector Breakdown

Weighting Return Low Return High CAPAX % Rank
Technology
6.21% -3.22% 31.95% 65.88%
Financial Services
4.91% -0.41% 47.66% 73.98%
Consumer Cyclical
4.68% -9.59% 42.25% 57.46%
Healthcare
4.34% -1.99% 45.45% 65.88%
Industrials
3.33% -0.36% 27.15% 74.43%
Communication Services
3.16% -0.92% 6.89% 6.12%
Energy
3.01% -2.23% 28.27% 47.77%
Real Estate
2.42% -3.22% 75.65% 41.45%
Consumer Defense
2.23% -4.62% 17.45% 73.15%
Utilities
2.14% -0.16% 23.50% 29.59%
Basic Materials
1.59% -1.56% 22.61% 58.55%

Stock Geographic Breakdown

Weighting Return Low Return High CAPAX % Rank
US
35.36% -23.38% 134.61% 50.86%
Non US
2.85% -76.83% 74.42% 80.29%

Bond Sector Breakdown

Weighting Return Low Return High CAPAX % Rank
Corporate
38.74% 0.00% 86.09% 8.46%
Securitized
12.07% -31.43% 45.07% 35.03%
Government
10.19% -57.27% 316.66% 55.94%
Derivative
0.00% -234.33% 46.84% 34.77%
Municipal
0.00% 0.00% 99.83% 64.78%
Cash & Equivalents
-1.51% -277.47% 353.31% 90.15%

Bond Geographic Breakdown

Weighting Return Low Return High CAPAX % Rank
US
46.20% -215.69% 201.54% 25.68%
Non US
12.62% -64.26% 220.06% 15.96%

CAPAX - Expenses

Operational Fees

CAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.00% 11.64% 45.26%
Management Fee 0.60% 0.00% 2.50% 68.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.83% 49.30%

Sales Fees

CAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.14% 5.75% 43.81%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 105.00% 0.00% 6067.00% 81.69%

CAPAX - Distributions

Dividend Yield Analysis

CAPAX Category Low Category High CAPAX % Rank
Dividend Yield 0.03% 0.00% 1.02% 8.96%

Dividend Distribution Analysis

CAPAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

CAPAX Category Low Category High CAPAX % Rank
Net Income Ratio 4.05% -4.09% 6.99% 3.24%

Capital Gain Distribution Analysis

CAPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

CAPAX - Managers

Todd A. Abraham

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 1996

22.84

22.8%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.


Mark E. Durbiano

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 1996

22.84

22.8%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.


John L. Nichol

Manager

Start Date

Tenure

Tenure Rank

Dec 22, 2000

18.53

18.5%

Mr. Nichol joined Federated in September 2000 as an Assistant Vice President/Senior Investment Analyst. He has been a Portfolio Manager since December 2000 and was named a Vice President of the Fund's Co-Adviser, FEMCOPA in July 2001. Mr. Nichol served as a portfolio manager and analyst for the Public Employees Retirement System of Ohio from 1992 through August 2000. Mr. Nichol has received the Chartered Financial Analyst designation. He received his M.B.A. with an emphasis in Finance and Management and Information Science from the Ohio State University.


Linda Bakhshian

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2009

9.59

9.6%

Ms. Bakhshian joined Federated in 2007 and has worked in investment management since 2002. Previously, she served as an equity research analyst with the Principal Financial Group from September 2002 to October 2007. Ms. Bakhshian has earned the Chartered Accountant designation and received her B.B. from the University of New England (Australia).


Ihab L. Salib

Manager

Start Date

Tenure

Tenure Rank

May 13, 2013

6.13

6.1%

Ihab Salib is a Senior Portfolio Manager and Head of the International Fixed Income Group and has been the Portfolio Manager of the emerging markets affiliated fund since May 2013. Mr. Salib joined Federated in April 1999 as a Senior Fixed Income Trader/Assistant Vice President of the emerging markets affiliated fund's Adviser. In July 2000, he was named a Vice President and in 2007 was named Senior Vice President. From January 1994 through March 1999, Mr. Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc. Mr. Salib received his B.A. with a major in Economics from Stony Brook University.


Jerome D. Conner

Manager

Start Date

Tenure

Tenure Rank

Apr 08, 2014

5.23

5.2%

Jerome D. Conner, CFA, is responsible for providing research and advice on sector allocation and security selection. He has been with Federated since 2002; has worked in investment management since 1995. Education: B.S., U.S. Naval Academy; M.S., Boston University.


Tenure Analysis

Category Low

0.0

Category High

38.52

Category Average

6.47

Category Mode

7.12